BRIDGE Decentralized Insurance Insurance Application
Introduction
Bridge Mutual is a decentralized insurance provider that has embarked on its first ever offering of insurance coverage in one of the fastest growing digital asset markets: stablecoins. Bridge Mutual is based on a decentralized and discretionary insurance application that allows users to insure each other and get reimbursed in the event of a market crash or attack. Stablecoins are not always stable. They are also prone to damage and potentially useless. On October 15 2018, Tether, the stablecoin that dominates the market came under attack, broke the Tether peg to USD, dropping its value by 7%.
Decentralized insurance provider Bridge Mutual has started the first-ever insurance coverage offering in one of the fastest-growing digital asset markets: stablecoins. Bridge Mutual is based on a decentralized, discretionary insurance application that allows users to insure each other and get reimbursed in the event of a market crash or an attack.
Stablecoins are not always stable. They are also susceptible to crashing and becoming potentially useless. On October 15, 2018, Tether, the market dominating stablecoin was attacked, breaking Tether’s peg to USD, dropping its value by 7%. During an attack, the market movement is massive and sudden. Assuming these attacks are legal and highly profitable, just like Soros’ attack, they will come back again and again (e.g., NuBits crash; DAI liquidity crisis). Bridge Mutual has invented a novel and transparent way of insuring stablecoins.
Problem
Smart contracts, stable coins and other crypto products are susceptible to hackers & failures, making it difficult for institutions to enter the market.
Solution
Bridge provides the most transparent and efficient p2p coverage platform, allowing anyone to reliably insure smart contracts, stable coins, and more.
Provide Coverage
Choose coins, contracts or exchanges that you think are safe.
Stake your BMI in their pools to provide coverage to customers.
Earn passive yields over time and share profit when people buy insurance.
Purchase Coverage
Choose coins, contracts or exchanges that you want coverage for.
Get a quote and buy discretionary insurance instantly using our app.
Easily make a claim on our app in the event of a crash or an attack.
No KYC
Our platform does not require any form of identification from its users. All funds within our ecosystem are held in smart contracts; Bridge is entirely non-custodial, meaning no Bridge team member ever has access to the funds being staked on the system.
Token Utility
DAO Voting Eligibility
Access to coverage
Yields from investments
Premium profit sharing
Vote on claims and earn
Token Metrics
Token Ticker: $BMI
Token Supply: 160,000,000
Initial M/Cap: $500,000
Sale Price: $0.125
Vesting: 25% per Month
Token Economics
8%: Sales
41%: Liquidity
16%: Operations
6%: Vault
17%: Team
4%: Community
9%: Protection
Roadmap
Q4 2020
Private Sale Development
Q1 2021
Private Sale Development
Q2 2021
$100M Coverage Forecast Bridge DAO Governance
Q3 2021
Product Expansion Capital Pool Growth Coverage Growth
Q4 2021
Main net V2 Traditional Insurance
Team
Mike Miglio
Ian Arden
Lili Feng
Hartej Sawhey
Luke Lombe
Roman Zakharuk
Mykola Kovach
George Tsui
Wei “Frank” Cui
Robert Collins
Tyler Ward
information
Author
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=2851004
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